BITCOIN - BTC/USDT
BITCOIN - BTC/USDT
11,076.25 USDT (+1.32%)
Real time data - Cryptocompare
Open: 10,931.95
Change: +144.30
Volume: 7,513
Low: 10,890.13
High: 11,174.50
High / Low range: 284.37
Type: Cryptocurrencies
Ticker: BTCUSDT
ISIN:

BITCOIN - BTC/USDT - 1H - Technical analysis published on 09/16/2020

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  • Timeframe : 1H
  • - Analysis generated on 2020-09-16 14:55:57
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 10,744.70 USDT
My targets
11,355.50 USDT (+4.30%)
11,999.00 USDT (+10.21%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BITCOIN - BTC/USDT as long as the price remains well above 10,744.70 USDT. The buyers” bullish objective is set at 11,355.50 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11,999.00 USDT. If there is any crossing, the next objective would be the resistance located at 13,093.50 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4

This analysis was given by Monocle360. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this analysis. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis

Quotes

BITCOIN - BTC/USDT rating 10,887.61 USDT. The price registered an increase of +0.95% on the session and was traded between 10,668.82 USDT and 10,952.52 USDT over the period. The price is currently at +2.05% from its lowest and -0.59% from its highest.

10,668.82
10,952.52
10,887.61

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USDT:

Technical


Technical analysis of this 1H chart of BITCOIN - BTC/USDT indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 10,617.10 10,744.70 10,831.60 10,887.61 10,928.30 11,355.50 11,999.00
Change (%) -2.48% -1.31% -0.51% - +0.37% +4.30% +10.21%
Change -270.51 -142.91 -56.01 - +40.69 +467.89 +1,111.39
Level Minor Minor Minor - Major Minor Intermediate



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10,312.9410,464.5710,625.0310,776.6610,937.1211,088.7511,249.21
Camarilla10,699.6710,728.2710,756.8810,785.4910,814.1010,842.7110,871.32
Woodie10,317.3610,466.7810,629.4510,778.8710,941.5411,090.9611,253.63
Fibonacci10,464.5710,583.7910,657.4410,776.6610,895.8810,969.5311,088.75


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9,422.869,640.9810,040.7710,258.8910,658.6810,876.8011,276.59
Camarilla10,270.6510,327.2910,383.9310,440.5710,497.2110,553.8510,610.50
Woodie9,513.719,686.4010,131.6210,304.3110,749.5310,922.2211,367.44
Fibonacci9,640.989,877.0210,022.8510,258.8910,494.9310,640.7610,876.80


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9,387.9710,158.9310,905.0711,676.0312,422.1713,193.1313,939.27
Camarilla11,234.0011,373.0711,512.1311,651.2011,790.2711,929.3412,068.40
Woodie9,375.5510,152.7310,892.6511,669.8312,409.7513,186.9313,926.85
Fibonacci10,158.9310,738.4711,096.5011,676.0312,255.5712,613.6013,193.13

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 61.36
MACD (12,26,9): 44.8300
Directional Movement: 14.03
AROON (14): 85.72
DEMA (21): 10,893.33
Parabolic SAR (0,02-0,02-0,2): 10,704.88
Elder Ray (13): 61.10
Super Trend (3,10): 10,696.64
Zig ZAG (10): 10,921.44
VORTEX (21): 1.1200
Stochastique (14,3,5): 88.58
TEMA (21): 10,903.78
Williams %R (14): -17.05
Chande Momentum Oscillator (20): 167.32
Repulse (5,40,3): -0.0100
ROCnROLL: 1
TRIX (15,9): 0.0500
Courbe Coppock: 2.14
MA7: 10,551.91
MA20: 10,763.27
MA50: 11,265.33
MA100: 10,333.55
MAexp7: 10,894.00
MAexp20: 10,836.33
MAexp50: 10,743.41
MAexp100: 10,621.29
Price / MA7: +3.18%
Price / MA20: +1.16%
Price / MA50: -3.35%
Price / MA100: +5.36%
Price / MAexp7: -0.06%
Price / MAexp20: +0.47%
Price / MAexp50: +1.34%
Price / MAexp100: +2.51%

Quotes : 2020-09-16 14:55:55 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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